Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-12-14
Ea Gives Some Interesting Facts Regarding
The Art Of Selling Real Estate
10 Advantage

Wichita, Kansas, seems 10 De the maSne |
which draws everything, | soon drifted |
there"
What natural advantages has Wichita,
that it is such a magnet"
'None whatever"
This seems strange; there most be
something To make it such an attraction -
There is nothing unless it is that deter
miuation on the part CT the American peo-
pie that p T. Barnum discovered many
years ago"
Have you any faith III Witchita:"
Certainly everybody will admit that
Barnum's life has been 4 financial success.
Wichita has population that is just as
determined that that particular within OF
the American people shall he gratited as
BaInum ever was"
docs not the fact of Wichita being
located at the confluence of the Big and
advantages"
Wichita people say it is a positive
detriment to the town."
why is it?"
because if it were not for these rivers
they would have many thousand more
inside town lots to sell. "
"Are many people buying property To
hold, or most purchases made on specula-
tom
'The real estate transfers for the first
month of this year were over thirty-four
millions of dollars, and they still continue
at the rate of about one hundred thousand
dollars per day. The meu who are making
the money out of this real estate business
are reinyesting i! in business blocks and
industrial enterprises, so that in this way
they have made it the leading city OF Kan
sas; and if enterprise and push are worth
ANYTHING it always will be. Out of the
proceeds of the sales of outside town lots
to Eastern capitalists suckers, as they
call them, they have built during
the last year $500 houses and
business blocks. Without pretending
10 be accurate, | should say that
Wichita has fifty business blocks that
make a better show than anything OF the
kind you have in Wheeling; beside they
have donated millions OF dollars to various
industrial enterprises and colleges. They
are always ready TO donate the land, and
money enough to build the plant Tor any
enterprise suitable for that locality. All
they seem to want is a guarantee that 1t
will be operated, and this IS probably one
reason why Wichita, without any natural
advantages has grown more IN ten years
than Wheeling has in hundred"
Would you advise ME to buy few lots
In this enterprising city,"
mo, indeed-the real estate meu there
are a slick lot OF fellows and in dealing
with an outsider would be sure TO get the
4 -, I rnrn hox 70 anu
plus money send it TO good broker; he
will lend it tor you on good security at
twelve per cent per annum, that being
more than the average increase IN town
lots any where, and you are taking no
chances to lose. -
''What do you think of Kansas City?'
at seems to be a thriving city--improv-
ing in every direction; but it reminds NE of
man who goes on a big spree with Dor
rowed money"
Explain, please
well, | saw somewhere in print that
the Jackson county records show mortgages
recorded to the amount Of seventy million
dollars. also saw publication over the
SIGNATURE of the Auditor Of the State of
Missouri, showing that the total Of real and
personal property in Jackson county, "a
returned by the assessors, amounted to
| ffty-eight millions. Now, if you will add
to the seventy millions the Indebtedness
that does not go On record, it will be an
easy matter TO make calculation of how
many cents on the dollar she is worth"
Il see it stated that Kansas has built
more railroads the past year than any other
State in the Union; how is that?"
II am told that they cost the companies
that operate them nothing. In building
railroads they organize town company
and a construction company. The town
company supplies the construction COM
pany with tie money necessary TO con
struct the road. The town company Sc
cures donations Of land rs well as OF bonds
20 the extent of about $4,000 per mile,
the constitutional limit, voted by town
ships through which the road passes.
| They lay out the towns on the route, ami
! | am told that the proceeds Of the sale OF
town lots and township bonds more than
nav for the construction OF the road.
| When finished il is offered to Jay Gould or
somebody else for a merely nominal sum,
on condition that he operates it. The per
son who gets the road of course stocks and
| bonds il to an amount equal to the cost OF
railroads in this country. l suppose these
bonds and stocks are sold to somebody who
will have the bag TO bold This may
also account for the fabulous wealth OF
some PERSONS, and is it wonder that peo-
pie object To providing q standing army,
as well as host Of Pinkerton detectives,
| to protect them in this wealth."
GLOW do real estate values IN Wichita
compare with values here?"
II am not posted on Wheeling real
estate values, but always rate values in
proportion to the rent they bring. The
week | left Wichita saw building 20N
| 30 feet, three stories, and one square from
the business center, rent for six thousand
dollars per annum. Now ifa man IS sat
isfed with an eight per cent. investment
he could afford to pay seventy-fve thou
sand dollars for this property or three
Thousand dollars per front tOCt.'
AS we have talked about variety OF
subjects will ask you what you think OF
Clevelaud's message and the big surplus
II think if Congress will leave the
tariff alone and spend the surplus Tor pen
sions aud public improvements the money
will he paid out TO q class Of people who
need it much more than those who pay
it in"
German Lessons.
Prof II. Kraeuter has opened German
classes 10 room No. 6, third floor, Reilly's
block. All persons Of Wheeling and vicin-